Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Atmos Energy Corp (NYSE: ATO) weakened of late. ATO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Atmos Energy Corp (NYSE: ATO) stock rose slightly by 0.04% on 12/1/23. The stock closed at $113.85. Moreover, this advance was accompanied by above average trading volume at 138% of normal. The stock has performed in line with the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATO is expected to continue to be an important Value Builder.
Atmos Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Atmos Energy has a neutral Appreciation Score of 50 and a neutral Power Rating of 54, triggering the Neutral Value Trend Rating.
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